NCDEX soybean down for 5th day on new crop arrivals.

Soybean contracts on the NCDEX declined for the fifth consecutive trading day, as spot prices fell due to a pick-up in arrivals of the new crop. Arrivals of the new crop in spot markets of Madhya Pradesh pegged at 100,000-125,000 bags (1 bag = 100 kg), up from 90,000 bags on oct 04.

CBOT soybean up as rains delay harvest in US.

Futures contracts of soybean rose on the CBOT due to delay in harvest in the US following heavy rainfall in the Midwest which is the a key soybean-growing region. Prices up for the second day also because investors continued to cover short positions after contracts hit a three-week low.

India mustard seed futures remain up on strong spot demand.

Mustard seed prices rise in futures trading as participants enlarged positions, driven by a firming trend at the domestic spot markets on robust demand. Apart from tight stocks in the market following pause in supplies from growing regions, festive season demand bolstered trading sentiments at futures trade here.

Malaysia CPO down tracking CBOT soyoil cues.

Futures contracts of crude palm oil on Bursa Malaysia Derivatives fell marginally taking cues from soyoil contracts on CBOT. Prices of crude palm oil and soy oil typically move in tandem, as both are used as substitutes for each other.

NAFED begins procuring moong in Karnataka to help support prices.

The National Agricultural Cooperative Marketing Federation of India started procuring moong sown during the kharif season in Karnataka from Oct 03. After demand from the Karnataka government, started procuring moong from farmers in two districts of the state under the price support scheme, adding that the agency is already buying moong in Telangana since middle of last month.